Low Voltage AC Drives Market Grows at 5% CAGR, Set to Hit USD 26.59 Billion by 2030
Global Low Voltage AC Drives Market to Reach USD 26.59 Billion by 2030, Fueled by Energy Efficiency Demand and Industrial Automation Summary: The global Low Voltage AC Drives Market was valued at USD 18.9 billion in 2023 and is projected to grow steadily at a CAGR of 5% to reach USD 26.59 billion by 2030. Growth is driven by rising energy efficiency requirements, increased automation across industries, and the growing need for cost-effective motor control solutions. The report also explores regional trends and competitive dynamics that shape the market landscape. Ask for Sample to Know US Tariff Impacts on Low voltage AC drives Market @ https://www.maximizemarketresearch.com/request-sample/220452/ Market Size: The Low Voltage AC Drives Market continues its upward trajectory, climbing from USD 18.9 billion in 2023 to a forecasted USD 26.59 billion by 2030. This consistent 5% CAGR reflects the global shift towards energy-efficient industrial equipment,...